SGX Stocks 2018 Q1 Performance

Share price movement during 2018 Q1 was volatile. STI ended flat for the quarter (from 3402.92 on 29-Dec-2017 to 3427.97 on 29-Mar-2018), though we saw it hitting the high of 3611.69 on 24-Jan before hitting the low of 3340.55 2 weeks after on 9-Feb.

Performance of Brokers' 2018 SGX Stock Picks in Q1

We previously posted article "Singapore Stocks To Buy In 2018 ~ Brokers' Consensus", where we consolidated brokers' 2018 Singapore Stock Picks according to their reports published during 2017 year end. 53 stocks were recommended in total, while 20 of them were recommended by at least 2 of the brokers.

Share price of 14 out of the 20 stock picks closed higher at end of 2018 Q1. APAC Realty and Venture Corp outperformed, with their share price swung up for more than 40% during the quarter, before closing with 39.4% and 37.3% gain respectively on 29-Mar, while Sembcorp Marine ended the quarter with 22% price gain after hitting the high of more than 50% price gain in early Feb.

Since the announcement of its 4Q17 earnings, share price of Genting Singapore has been heading south, making it the least performer among the 20 stock picks with share price down nearly 18% YTD. UOL and WingTai also retreated after the modest gain during end Jan.

SingTel has been in the list of the weekly top 10 institutions net selling stocks for months, until the week of 19-Mar when we saw institutions turned net buyer and net bought 32.6 million worth of its shares.

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